Municipal debt securities regulation defines scope, issuer eligibility and disclosure obligations for issuance and listing. Regulatory framework for issuance and listing of municipal debt securities establishes eligibility, issuance and listing processes, and disclosure obligations under the Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015; Regulation 2 supplies definitions determining scope and application and the instrument cross-references the Income-tax Act and other allied enactments for tax and compliance interaction.